Pentagon Rubber IPO vs Tridhya Tech IPO

Comparision between Pentagon Rubber IPO and Tridhya Tech IPO.

IPO Details

Pentagon Rubber IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Tridhya Tech IPO is a SME Book Built Issue proposed to list at NSE SME.

	Pentagon Rubber IPO	Tridhya Tech IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Interactive Financial Services Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker	Sunflower Broking Private Limited	Econo Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Pentagon Rubber IPO is up to ₹16.17 Cr whereas the issue size of the Tridhya Tech IPO is up to ₹26.41 Cr. The final issue price of Pentagon Rubber IPO is ₹70.00 per share and of Tridhya Tech IPO is ₹42.00 per share.

	Pentagon Rubber IPO	Tridhya Tech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹65.00 per share	₹35.00 per share
Issue Price (Upper)	₹70.00 per share	₹42.00 per share
Issue Price (Final)	₹70.00 per share	₹42.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	3000 shares
Fresh Issue Size	23,10,000 shares	62,88,000 shares
Fresh Issue Size (Amount)	up to ₹16.17 Cr	up to ₹26.41 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	23,10,000 shares	62,88,000 shares
Issue Size Total (Amount)	up to ₹16.17 Cr	up to ₹26.41 Cr

IPO Timetable

Pentagon Rubber IPO opens on Jun 26, 2023, while Tridhya Tech IPO opens on Jun 30, 2023. The closing date of Pentagon Rubber IPO and Tridhya Tech IPO is Jun 30, 2023, and Jul 05, 2023, respectively.

	Pentagon Rubber IPO	Tridhya Tech IPO
Anchor Bid Date	Jun 23, 2023	Jun 27, 2023
Issue Open	Jun 26, 2023	Jun 30, 2023
Issue Close	Jun 30, 2023	Jul 05, 2023
Basis Of Allotment (Tentative)	Jul 05, 2023	Jul 10, 2023
Initiation of Refunds (Tentative)	Jul 06, 2023	Jul 11, 2023
Credit of Share (Tentative)	Jul 07, 2023	Jul 12, 2023
Listing date (Tentative)	Jul 07, 2023	Jul 13, 2023
Anchor Lockin End date 1	Aug 04, 2023	Aug 09, 2023
Anchor Lockin End date 2	Oct 03, 2023	Oct 08, 2023

Financials

Pentagon Rubber IPO P/E ratio is 18.76, as compared to Tridhya Tech IPO P/E ratio of 26.09.

Pentagon Rubber IPO

Tridhya Tech IPO

Financial

Pentagon Rubber Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,132.82	1,939.25	93.81	135.48	-264.52	1,244.86
31-Mar-21	2,588.99	2,319.69	110.30	245.78	-154.22	1,649.42
31-Mar-22	2,802.18	3,511.59	308.66	554.43	154.43	1,758.61
31-Dec-22	2,956.70	2,997.88	215.86	770.30	230.30	1,669.79
Amount in ₹ Lakhs

Tridhya Tech Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-22	2,548.77	1,407.48	339.46	1,457.98	1,309.84	705.46
31-Dec-22	5,969.66	1,507.92	284.97	2,030.66	1,860.35	3,090.04
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

80.8%

Promoter Shareholding (Post-Issue)

70.04%

58.98%

P/E Ratio

18.76

26.09

Market Cap

₹53.97 Cr.

₹97.81 Cr.

ROE

32.59%%

2.85%%

ROCE

27.16%%

9.69%%

Debt/Equity

2.17

1.23

EPS

₹3.83

₹44.44

RoNW

55.67%%

65.52%%

Shares Offered

In the Pentagon Rubber IPO retail investors (RII) are offered 7,70,000 shares while in Tridhya Tech IPO retail investors are offered 7,70,000 shares. Qualified institutional buyers (QIB) are offered 4,38,000 shares in Pentagon Rubber IPO and 15,54,000 shares in Tridhya Tech IPO.

	Pentagon Rubber IPO	Tridhya Tech IPO
Anchor Investor Reserveration	6,56,000 shares	14,31,000 shares
Market Maker Reserveration	1,16,000 shares	3,15,000 shares
QIB	4,38,000 shares	15,54,000 shares
NII	3,30,000 shares	8,97,450 shares
RII	7,70,000 shares	20,90,550 shares
Employee	0 shares	0 shares
Others
Total	15,38,000 shares	45,42,000 shares

Bids Received (Subscription)

Pentagon Rubber IPO subscribed 106.20x in total, whereas Tridhya Tech IPO subscribed 72.38x.

	Pentagon Rubber IPO	Tridhya Tech IPO
QIB (times)	27.62x	15.62x
NII (times)	153.33x	181.72x
Big NII (times)
Small NII (times)
RII (times)	130.70x	67.62x
Employee (times)
Other (times)
Total (times)	106.20x	72.38x

Compare with others

Pentagon Rubber IPO	Tridhya Tech IPO
Global Pet Industries IPO	Drone Destination IPO
Tridhya Tech IPO	AccelerateBS India IPO
Magson IPO	Synoptics Technologies IPO
Greenchef Appliances IPO	Alphalogic Industries IPO
Veefin Solutions IPO	Global Pet Industries IPO
Kaka Industries IPO	Magson IPO
Aatmaj Healthcare IPO	Greenchef Appliances IPO
Essen Speciality Films IPO	Veefin Solutions IPO
Vilin Bio Med IPO	Pentagon Rubber IPO
Cell Point (India) IPO	Kaka Industries IPO

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